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Varex Imaging Corporation VREX Q2 2025 earnings

Reported May 8, 2025 · After market close

Revenue$212.9MBeat by $3.5M
EPS$0.26Beat by $0.12
Revenue estimate$209.4M
EPS estimate$0.14

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$215.5M
EPS estimate$0.22

Financials

Q2 2025

Income statement

See full
Revenue$212.9M+3.2%
Gross profit$76.7M+16.6%
Operating income$22.1M+187%
Net income$6.9M+393%
EPS (diluted)$0.17+467%

Balance sheet

See full
Cash & equivalents$332.2M+132%
Total debt$596.4M+26.6%
Total equity$549.7M-4.6%
Total assets$1.4B+8.5%

Cash flow

See full
Operating cash flow$16.6M+435%
CapEx$6.8M+17.2%
Free cash flow$9.8M+463%

Valuation & ratios

Valuation

as of 04/04/25
See full
Market cap$342.63M-48.2%
Enterprise value$606.83M-38.7%
P/S0.4×-0.4×

Profitability

See full
Gross margin33.7%+1.3pp
Operating margin6.5%-0.6pp
Net margin-5.2%-10.0pp
FCF margin4.6%-3.8pp

Returns & leverage

See full
Return on equity-7.7%-15.2pp
Debt / equity1.1×+0.3×
Current ratio4.1×-0.2×

Segments

By geography

See full
Other$78.1M-1.3%
APAC$71.8M+8.3%
EMEA$71.7M0.0%
Americas$69.4M+1.8%

By segment

See full
Medical$153.8M+3.4%
Industrial$59.1M+3.0%

Versus estimates

Revenue

Q2 2026$216.0MMiss by $916.8KQ1 2026$209.6MBeat by $1.8MQ4 2025$228.9MBeat by $23.1MQ3 2025$203.0MMiss by $16.3M
Q2 2025$212.9MBeat by $3.5M
Q1 2025$199.8MMiss by $2.4M

Diluted EPS

Q2 2026$0.21Miss by $0.01Q1 2026$0.19Beat by $0.05Q4 2025$0.37Beat by $0.19Q3 2025$0.18Beat by $0.14
Q2 2025$0.26Beat by $0.12
Q1 2025$0.07Beat by $0.03

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Questions, answered.

When did Varex Imaging Corporation report Q2 2025 earnings?
Varex Imaging Corporation (VREX) reported Q2 2025 earnings on May 8, 2025 after market close.
What were Varex Imaging Corporation's Q2 2025 revenue and EPS?
Varex Imaging Corporation reported revenue of $212.9M and eps of $0.26 for Q2 2025.
Did Varex Imaging Corporation beat estimates in Q2 2025?
Revenue beat the consensus estimate of $209.4M by $3.5M. EPS beat the consensus estimate of $0.14 by $0.12.
How did Varex Imaging Corporation's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.2% from $206.2M a year earlier and eps grew 62.5% from $0.16.
Where can I find Varex Imaging Corporation's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001681622-25-000063) directly on SEC EDGAR. The filing index links above go to sec.gov.